The government launched a scheme called the One District One Product Scheme to promote and support the MSMEs. The MSMEs contribute majorly towards our country’s economy.
Many of the small businesses also operate in Uttar Pradesh. The ODOP scheme is introduced to give some exposure to these small businesses.
What exactly is the One District One Product scheme?
The One District One Product scheme is launched in Uttar Pradesh. Some products like wheat-stalk crafts, glassware, etc. are manufactured in villages and are not that popular. This scheme was introduced to help these products in getting promoted. These will be promoted as per their respective districts, which will also create job opportunities and boost the local economy.
This scheme will help in preserving the local crafts and help in increasing the income of the MSMEs.
This scheme also has the aim of improving product quality and also help with skill development. The government plans to implement this scheme at both national and international level soon.
Other important points of the scheme:
- The scheme will encourage businesses to use new technology, and the artisans will also be provided with relevant training to compete with others in the market.
- MSMEs will also get financial support as they can avail loans at low-interest rates.
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